Markets still in thrall to central banks – BIS

The Bank for International Settlements, Basel
Photo: Ulrich Roth

In the past few months, sharp market moves continued to show how closely the fates of markets are tied to the actions of major central banks, the Bank for International Settlements says in its latest quarterly review.

At the same time, some trends that may look concerning at face value could be signs that markets are now more healthy, the BIS’s Claudio Borio told journalists.

The review spans December 2018 and early 2019, a period when markets worldwide retreated amid growing pessimism and

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